IT is becoming something of a post-pandemic mantra in India: A lender whose portfolio of unsecured retail loans is not increasing by 50% annually is simply not trying hard enough. All kinds of bank and non-bank lenders are heaping credit on household balance sheets even though the consumer economy is fragile: A tiny minority that can afford luxury goods is in great financial shape, but low-income earners, especially outside large cities, are struggling with two-wheeler purchases and smartphone upgrades.

http://klse.i3investor.com/web/blog/detail/kianweiaritcles/2023-03-29-story-h-275085939-Tech_is_collecting_loans_it_helped_create_Andy_Mukherjee

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